BBB Wise Giving Report for
Wheat Ridge Ministries

BBB Wise Giving Report issued December 2011
BBB Wise Giving Report expires December 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Wheat Ridge Ministries
Address: One Pierce Place, 250E
  Itasca, IL 60143-2634
Phone: 630-766-9066
800-762-6748
Web Address: www.wheatridge.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1904, Colorado
Affiliates: None
Stated Purpose: "to seed new Lutheran ministries of health and hope in the name of the healing Christ."

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Evaluation Conclusions

               

Wheat Ridge Ministries (WRM) meets the 20 Standards for Charity Accountability.
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Programs

               

WRM reports that it provides over 70 grants annually as well as other assistance to congregations and agencies as seed grants for new health and human care ministries. The organization also connects people with similar interests through conversation and activities related to health and human care ministry.

For the fiscal year ended June 30, 2010, WRM's program expenses were:

  
Grants and projects 1,513,523
Ministry communications 599,598
Ministry support 232,688
Total Program Expenses: $2,345,809
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Governance

               

Chief Executive : Richard E. Herman, President
Compensation*:
 $153,674

Chair of the Board: Rev. Jotham Johann Jhang, J.D.
Chair's Profession / Business Affiliation: Pastor

Board Size: 18

Paid Staff Size: 14

*July 1, 2009 - June 30, 2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, telemarketing, special events, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 31% of related contributions. (Related contributions, which totaled $2,002,878, are donations received as a result of fund raising activities.)
WRM incurred joint costs of $158,494 for informational materials and activities that included fund raising materials. Of those costs $138,682 was allocated to fund raising expenses and $19,812 was allocated to program expenses.
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on WRM's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
Individual contributions 1,333,881
Investment income 937,863
Organization contributions 386,116
Planned gifts 197,752
Other income 132,496
Congregation contributions 62,762
Change in value of funds held by others 38,200
School contributions 22,367
Total Income $3,111,437


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Uses of Funds as a % of Total Expenses

Programs: 70%  Fund Raising: 18%  Administrative: 12% 

Total income   $3,111,437
  Program expenses $2,345,809
  Fund raising expenses 619,897
  Administrative expenses 389,102
 
Total expenses   $3,354,808
Expenses in Excess of Income   (243,371)
Beginning net assets   8,316,204
Ending net assets   8,072,833
Total liabilities   714,496
Total assets   $8,787,329


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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